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# Grant Request - Curve Finance


Grant Request - Curve Finance

This vote is to seek support for a standalone grant application by LlamaRisk on behalf of and to support the growth of Curve Finance on Arbitrum

This grant application is NOT part of LTIPP but has been designed to follow a similar model and is proposed to be distributed over a similar period.  If this proposal is approved by the DAO and the LTIPP council is agreeable this proposal can fit within the monitoring of LTIPP as well.

Key Grant Information

Requested Grant Size 237,500 ARB

Grant Period 16 weeks

Grant Matching Michael Egorov will donated 237,500 ARB from his personal ownership to match the arbitrum grant. The source of these tokens are from early personal investment into Arbitrum.

Grant Breakdown The goal of this proposal is to establish a deeply liquid borrowing and lending market for ARB tokens. The funds matched by the Arbitrum DAO will be used exclusively to bootstrap the supply side in the two ARB markets. The funds from Micheal Egorov are used for the crvUSD/ARB/CRV pool and upcoming LRT/WETH AMM pools. Possible LRT tokens are weETH (ether.fi), ezETH (Renzo) and reETH (KelpDAO), which have decent liquidity on arbitrum.

Screenshot 2024-04-26 at 8.36.34 PM.png

The ARB will be deployed to the market/pool rewards as a supply incentive and direct LP incentive.

Once funds have been received, we will work with the Curve core team to deploy the grant. Distribution will begin shortly after the necessary markets have been deployed.

Note added, 9. May 2024

Curve’s matching contribution of 237,500 donated by Michael Egorov has partly already commenced, to this date, 168’000 ARB has being distributed directly in the following lending markets: ARB/crvUSD, WETH/crvUSD, WBTC/crvUSD, CRV/crvUSD. They helped to bootstramp curve lending.

Upon successful passing of this vote, the remaining, 69,500 ARB undistributed funds will be deposited into the multisig.

During the incentive, Michael Egorov will add his monthly vested 19,791 ARB on top of the pledged 237,500 ARB.

LlamaRisk will coordinate with LTIPP council to ensure any data reporting requirements and compliance requirements of LTIPP are followed

Link to Full Proposal below

https://forum.arbitrum.foundation/t/proposal-request-to-match-my-donation-to-boostrap-curve-lending-on-arbitrum/22975

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
May 14, 2024
5:21 AM
end
May 28, 2024
7:40 AM

Voting type
basic
Votes
129,947,837

Final Votes
closed

Against
3.2M ARB
2.49%
For
125.7M ARB
96.76%
Abstain
971K ARB
0.75%